Ministry sees export market growing

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VietStock FI English 2 month(s) ago

Ministry sees export market growing

Cambodia's total agricultural production was down slightly last year while a larger share of this production went to exports, the Ministry of Agriculture said in its annual report, released yesterday.

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Asian visitors continue to lead tourism sector growth

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VietStock FI English 3 month(s) ago

Tourist arrivals inched up during the first quarter of the year as Cambodia continued to draw large numbers of Asian travellers, a tourism official said yesterday.

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Trademark protection deemed vital for innovation

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VietStock FI English 3 month(s) ago

Newly appointed Minister of Commerce Pan Sorasak issued a shot across the bow yesterday at individuals and companies that infringe on the intellectual property of other firms, warning his ministry was ready to take action against violators.

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Port cargo traffic rises on swelling economy

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VietStock FI English 3 month(s) ago

Port cargo traffic rises on swelling economy

Container traffic at Sihanoukville Autonomous Port (SAP), which operates the country’s only deep-sea port, increased by almost 10 per cent during the first quarter of the year, compared to a year earlier, while tonnage rose by 11.5 per cent, a company official said yesterday.

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Ministry calls for Gold Tower 42’s developer to shed light on construction plans

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VietStock FI English 3 month(s) ago

The Ministry of Land Management, Urban Planning and Construction (MLMUPC) will again hold a meeting with Yon Woo Cambodia Co. Ltd., the Korean developer of Gold Tower 42, to request details on the proposed construction re-start date.

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NagaCorp still on a roll, but at slower pace: Citi

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VietStock FI English 3 month(s) ago

Nagacorp Ltd, operator of the NagaWorld casino and hotel complex in Phnom Penh, exhibited strong revenue growth in the first quarter of the year and is expected to maintain this course through the end of the year, though at a slower pace, Citi Research said in its latest investor note on the Hong Kong-listed firm.

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Acleda among Top 100 banks

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VietStock FI English 4 month(s) ago

Acleda among Top 100 banks

Aceleda Bank was the only Cambodian bank to make The Banker’s Top 100 ASEAN Banks 2016 list, and saw the largest jump up the rankings among all entries, securing the 88th position on the financial publication’s annual list, up from 97th last year.

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Thai membership card seeks Cambodian elites

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VietStock FI English 4 month(s) ago

A Thai privilege card program that costs nearly $15,000 to join is banking on Cambodia’s robust yet deeply polarised economy to provide up to 60 new card members a year.

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Elusive trade target with Vietnam renewed

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VietStock FI English 1 month(s) ago

Elusive trade target with Vietnam renewed

Cambodia and Vietnam released a joint statement yesterday saying that the two countries would review their existing policies in order to achieve the $5 billion in bilateral trade they had hoped would be realised by 2015.

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A new hotel could mark a riverside facelift

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VietStock FI English 1 month(s) ago

Standing proudly out of the tin-roofed tenements on riverside’s Street 136 is a relatively new hotel, the Sun and Moon. Incongruous among the backpacker hostels and girly bars that Street 136 is famous for, the opening of the nine-storey hotel could signal the start of a change for the seedy, but beloved, neighbourhood.

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Royal Group gets exclusive steel deal from Posco

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VietStock FI English 1 month(s) ago

Royal Group gets exclusive steel deal from Posco

Yong Sheng Global Trading, a subsidiary within the Royal Group conglomerate, signed an exclusive partnership agreement with Posco SS-Vina, a Vietnamese-based steel company, for exclusive distribution rights of construction materials on Tuesday.

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Trading low as gold prices stay stable

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VietStock FI English 1 month(s) ago

Trading low as gold prices stay stable

Gold retailers continue to enter into the Cambodian market despite a drop in demand in recent months as prices remain stable, according to local retailers.

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Microfinancer Prasac looking to parter up with Korean giant

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VietStock FI English 1 month(s) ago

Microfinancer Prasac looking to parter up with Korean giant

Woori Bank, South Korea’s second-largest bank in terms of assets, is vying to purchase a 50 per cent stake Cambodia’s largest microfinance institution, Prasac, the company’s CEO confirmed yesterday.

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Grow Asia targeting six local cash crops

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VietStock FI English 2 month(s) ago

Grow Asia targeting six local cash crops

Grow Asia, which formally launched a partnership with Cambodia late last year, will reconvene on June 13 in Phnom Penh to kick-off working groups between the public and private sector, including NGOs, after targeting six crops for market potential.

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Authorities come together to solve sea water dumping issues

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VietStock FI English 2 month(s) ago

The case of toxic sewage being drained into Sihanoukville’s waters remains a pressing issue for relevant authorities who argue they are working hard to resolve the problem.

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